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TPG-Backed U.S. Tire Distributor ATD Files for IPO

Private equity firm TPG Capital LP-backed ATD Corp, one of the largest U.S. tire distributors, filed with U.S. regulators on Monday to raise up to $100 million in an initial public offering.

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The company, which sells brands like Hercules, Ironman and Capitol, listed Merrill Lynch, Pierce, Fenner & Smith, Deutsche Bank Securities and Goldman Sachs as lead underwriters to the IPO.

Founded in 1935, ATD, or American Tire Distributors, is a wholesale distributor of tires, custom wheel and related tools to about 72,000 customers and operates more than 140 distribution centers in the United States and Canada.